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Xstrata sticks by Lonmin investment

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Xstrata said it was unsure how to capture the value in its 25% stake in Lonmin but said it continued to see value in the position.

Minmetals extends Anvil offer

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Minmetals Resources has extended its offer for Anvil Mining until January 11, the company said.

SA net reserves fall

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South Africa's net gold and foreign exchange reserves fell to $48.633bn in November from $49.221bn in October.

Great Basin gains as $150m loan sealed

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Ferdi Dippenaar, CEO of Great Basin Gold, says fears over the mining method at its South African mine exacerbated worries it would not secure bank debt.

Platmin to return consolidated: Gilbertson

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Platmin's proposed delisting was the precursor to a stronger, consolidated company when the market was more supportive, said Brian Gilbertson, chairman of Platmin shareholder, Pallinghurst Resources.

Global Witness exits ‘blood diamond’ scheme

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Campaign group Global Witness has pulled out of the Kimberley Process, calling the scheme outdated and a failure, almost nine years after its launch.

Diamond demand to outpace supply to 2020

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Chinese and Indian appetite for diamonds will fuel demand growth of more than 6% a year over the next decade, far outpacing supply increases, says Bain & Company.

Target state mining firms, says Brian Menell

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Mining executives should focus less on social responsibility programmes and more on engagement with state mining companies to deal with resource nationalism, says Brian Menell.

Xstrata eyes benefits from copper supply woes

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Xstrata expects to benefit from supply troubles hitting copper globally, as it reports increased resources and says its own key projects are on track and on schedule.

SA coal exports fall in November

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Richards Bay Coal Terminal has exported 6.3 million tonnes of coal in November, compared with 7.4 million tonnes the previous month, says the firm